§ 3-301. PERSON ENTITLED TO ENFORCE INSTRUMENT.

"Person
entitled to enforce" an instrument means
(i) the holder of the instrument, (ii) a nonholder in possession of the instrument
who has the rights of a holder, or (iii) a person not in possession of the
instrument who is entitled to enforce the instrument pursuant to Section 3-309
or 3-418(d). A person may be a person entitled
to enforce the instrument even though the person is not the owner of the instrument
or is in wrongful possession of the instrument.